1. Generally limited to either 50% of W-2 wages or 25% of W-2 wages plus 2.5% of unadjusted basis, whichever is greater.
2. Anyone with a trade or business that depends on their reputation, e.g., people practicing law, CPAs, actuaries, people involved with the performing arts (actors, singers, etc.), consultants, professional athletes, people in financial services, etc.
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